Guideline Value for Thulasinga Perumal Koil South Mada Street

Thulasinga Perumal Koil South Mada Street guideline value

The current guideline value of Thulasinga Perumal Koil South Mada Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Thulasinga Perumal Koil South Mada Street has changed

The guideline value for Thulasinga Perumal Koil South Mada Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,650 per sq.ft. This increased significantly to Rs 6,000 per sq.ft in 2012, marking a substantial rise of 264%. However, in 2017, the value decreased to Rs 4,020 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 6,000 per sq.ft in 2023, and most recently, it has increased to Rs 6,600 per sq.ft in 2024, representing a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 300%. The revisions from 2002 and 2003 do not have figures recorded for this street in the register.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft, with the median value being Rs 6,600 per sq.ft. Thulasinga Perumal Koil South Mada Street's 2024 figure aligns with this median.

• Thulasinga Perumal Koil Lane: Rs 5,500 per sq.ft (2024)
• Thulasinga Perumal Koil Street: Rs 7,700 per sq.ft (2024)
• Thulasinga Perumal Koil 2nd Lane: Rs 5,500 per sq.ft (2024)
• Thulasinga Perumal Koil 1st Lane: Rs 5,500 per sq.ft (2024)
• Thoppu Venkatachalam Street: Rs 6,600 per sq.ft (2024)
• Thypoon Ali Khan Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Thulasinga Perumal Koil South Mada Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty, calculated at 7%, would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, making the total fees Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thulasinga Perumal Koil South Mada Street?

The Sub Registrar Office that covers Thulasinga Perumal Koil South Mada Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Triplicane

When buying or selling property in Triplicane, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value as it affects the overall cost of the transaction. Understanding the guideline value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Thulasinga Perumal Koil South Mada Street?

The current guideline value of Thulasinga Perumal Koil South Mada Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 1,650 per sq.ft in 2007, increasing to Rs 6,000 in 2012, then decreasing to Rs 4,020 in 2017, rising again to Rs 6,000 in 2023, and finally reaching Rs 6,600 in 2024.

What is the land classification for Thulasinga Perumal Koil South Mada Street?

The land classification for Thulasinga Perumal Koil South Mada Street is Residential Class I Type - I. This classification indicates the type of development permitted in the area.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000, and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Triplicane?

The Triplicane Sub Registrar Office handles property registrations in Triplicane. It is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.